SVOL vs. REZ

Last updated Jun 13, 2026

SVOL (Simplify Volatility Premium ETF) and REZ (iShares Residential Real Estate ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index. SVOL is actively managed, while REZ is passively managed. Over the past 5 years, SVOL returned 6.22%/yr vs 4.39%/yr for REZ. At a 0.36 correlation, their price movements are largely independent. SVOL charges 0.50%/yr vs 0.48%/yr for REZ.

Performance

SVOL vs. REZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volatility Premium ETF (SVOL) and iShares Residential Real Estate ETF (REZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVOL achieves a -0.84% return, which is significantly lower than REZ's 12.29% return.

SVOL

• 1D: 1.14%
• 1M: 1.82%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 10.32%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

REZ

• 1D: 0.89%
• 1M: 0.88%
• YTD: 12.29%
• 6M: 12.93%
• 1Y: 13.92%
• 3Y*: 10.92%
• 5Y*: 4.39%
• 10Y*: 7.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SVOL vs. REZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	22.88%	-3.30%	12.70%
REZ iShares Residential Real Estate ETF	12.29%	4.80%	12.73%	10.97%	-28.31%	30.14%

Correlation

The correlation between SVOL and REZ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.36

Over the past year, the correlation between SVOL and REZ has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

SVOL vs. REZ - Sectors Allocation Comparison

Sectors	SVOL	REZ
Technology	31.9%	-
Financial Services	11.4%	0.1%
Industrials	11.4%	-
Healthcare	11.0%	-
Consumer Cyclical	9.4%	-
Communication Services	7.4%	-
Consumer Defensive	5.1%	-
Energy	4.8%	-
Real Estate	2.8%	99.4%
Basic Materials	2.5%	-
Utilities	2.3%	-

Return for Risk

SVOL vs. REZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

REZ

REZ Risk / Return Rank: 31
REZ Sharpe Ratio Rank: 30
REZ Sortino Ratio Rank: 28
REZ Omega Ratio Rank: 27
REZ Calmar Ratio Rank: 36
REZ Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVOL vs. REZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) and iShares Residential Real Estate ETF (REZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SVOL	REZ	Difference
Sharpe ratio: Return per unit of total volatility	0.50	0.95	-0.45
Sortino ratio: Return per unit of downside risk	0.83	1.36	-0.53
Omega ratio: Gain probability vs. loss probability	1.11	1.17	-0.05
Calmar ratio: Return relative to maximum drawdown	0.80	1.60	-0.80
Martin ratio: Return relative to average drawdown	1.90	4.86	-2.96

SVOL vs. REZ - Sharpe Ratio Comparison

The current SVOL Sharpe Ratio is 0.50, which is lower than the REZ Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SVOL and REZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SVOL vs. REZ - Drawdown Comparison

The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum REZ drawdown of -66.87%. Use the drawdown chart below to compare losses from any high point for SVOL and REZ.

Drawdown Indicators

	SVOL	REZ	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-66.87%	+33.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-8.76%	-4.25%
Max Drawdown (3Y) Largest decline over 3 years	-33.50%	-18.39%	-15.11%
Max Drawdown (5Y) Largest decline over 5 years	-33.50%	-35.05%	+1.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.15%	—
Current Drawdown Current decline from peak	-3.40%	0.00%	-3.40%
Average Drawdown Average peak-to-trough decline	-4.76%	-12.67%	+7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	2.87%	+2.63%

Volatility

SVOL vs. REZ - Volatility Comparison

The current volatility for Simplify Volatility Premium ETF (SVOL) is 3.48%, while iShares Residential Real Estate ETF (REZ) has a volatility of 5.69%. This indicates that SVOL experiences smaller price fluctuations and is considered to be less risky than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVOL	REZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	5.69%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	11.14%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	14.73%	+6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	18.97%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	21.55%	+0.35%

SVOL vs. REZ - Expense Ratio Comparison

SVOL has a 0.50% expense ratio, which is higher than REZ's 0.48% expense ratio.

Dividends

SVOL vs. REZ - Dividend Comparison

SVOL's dividend yield for the trailing twelve months is around 22.19%, more than REZ's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REZ iShares Residential Real Estate ETF	2.05%	2.74%	2.26%	2.94%	3.37%	1.81%	3.17%	2.90%	3.63%	3.57%	5.55%	3.18%
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVOL and REZ in my portfolio?

SVOL and REZ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVOL or REZ?

REZ has higher volatility (5.69%) compared to SVOL (3.48%). In terms of maximum drawdown, SVOL dropped -33.50% vs REZ's -66.87%.

Which ETF is better, SVOL or REZ?

On 5-year performance, SVOL leads with 6.22% vs 4.39% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVOL or REZ?

Over the 5-year period, SVOL has performed better with a 6.22% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVOL or REZ?

REZ is cheaper with a 0.48% expense ratio, compared with 0.50% for SVOL.

Which ETF pays a higher dividend yield, SVOL or REZ?

SVOL has the higher dividend yield at 22.19%, compared with 2.05% for REZ.

What is the main difference between SVOL and REZ?

SVOL is categorized as Volatility, while REZ is REIT. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for SVOL and 0.48% for REZ.

Which has better risk-adjusted returns?

REZ currently has the higher Sharpe Ratio (0.95 vs 0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.